Jordan Roy-Byrne, CMT, MFTA, Editor and Publisher of The Daily Gold, and author of the book “Gold & Silver – The Greatest Bull Market Has Begun – A Once In A Lifetime Investment Opportunity”, joins me for an in-depth technical and fundamental look at both the medium-term risks and long-term opportunities in the precious metals space, and why he favors being positioned in growth-oriented junior PM producers and quality developers over the senior producers as this precious metals bull market continues to evolve.
Key topics discussed:
- The shorter-term to medium technical pattern in gold is a bit murky, on whether it has the energy to punch up through $3,500 and make a run towards $4,000 or if it needs to keep consolidating for another month or two. Longer-term, this gold bull market has much further to run.
- Jordan is more animated by the technical outlook for silver, after the decisive move above $35 resistance, where it ran north of $39 and now has consolidated solidly in the $37’s. He discusses a few potential paths for silver as it eventually approaches upcoming resistance at $41-$42 level.
- We discuss the nature of silver stocks to front run higher prices in advance and discount those moves higher in the underlying metals price before they occur. We review if he feels silver stocks have already started discounting the moves past the $42 resistance or $50 silver, or if they are more fairly valued after their corrective move over the last few weeks.
- With regards to the gold stocks, Jordan lays out the historic precedence for gold juniors to outperform gold seniors as bull markets evolve into the mid to later stages. Jordan also highlights the advantages that retail investors have to become experts in junior mining stocks and get an edge in investing due to lack of coverage and liquidity, compared to trying to compete with all the analysts covering the larger senior producers.
- Jordan wraps up explaining why he prefers to be positioned in the growth-oriented gold and silver junior producers and quality developers that have the additional kicker of meaningful exploration programs, that are building value to existing known projects. Those types of companies are more like the “holy grail” of investing in more advanced juniors, versus the inherent risks of gambling on the make-it or break-it initial drill hole programs with earlier-stage exploration stocks.
Click here for exclusive stock picks and Jordan’s deeper analysis at The Daily Gold.